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Go To Sleep Enterprises had retained earnings of $740,050.00 at the end of 2012. The firm expects to post net income of $994,076.00 in 2013.

Go To Sleep Enterprises had retained earnings of $740,050.00 at the end of 2012. The firm expects to post net income of $994,076.00 in 2013. If the firm has a dividend payout ratio of 40.00%, what will be the new value for retained earnings at the end of 2013?

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